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Search Results 0 to 36 of about 37 (some duplicates have been removed)
energy costs down whether it be in refining where he has the best chemicals to be able to get the most gasoline out of dirty oil, for instance, in the turbo which is what you need to be able to low your -- get more mileage out of each gallon. that's a very important thing. and, of course, he does the cockpits for pretty much everybody. he's done a remarkable job in honeywell, my charitable trust owns it. it's just been a gigantic winner. at one point they asked him about activism and he had a great answer when your stock goes up all the time the activists don't call. good man. >> is it your favorite industrial name? >> definitely. >> really? >> yeah dave cody is a remarkable guy, and yes, i'll admit we are next-door neighbors and he's also a terrific guy in person. >> you can't argue with what he brings to the interview and certainly with the stock as you said. we'll watch that closely along with exxon also having a -- >> yes, down. >>> in the meantime, former microsoft ceo steve ballmer giving a talk to graduate students at the university of oxford's school o
since thanksgiving. is that because the street now sees tesla as an energy company, not just an electric car company? we have one guest who's going to make that case coming up. >> that story, bill, tesla, has been the story all week. now, here's how we stand in markets. what were you going to stay? >> i was going to say an analyst price forecast for that stock are all over the map. from the $200 range to the $60 range. >> pun intended. any who, here's where the dow stands. up to 16,245. meanwhile, as we mentioned off the top, the s&p 500 up about six points to just about 1851 at this hour. that's three points above its all-time closing high. >> all right, everybody. belly up. let's talk about this marketing in today's "closing bell" exchange. we have a lot of people, more who will be joining us. heather hughes just sitting down. how are you? >> good. >> greg ip from the economist. we have john doyle, jim lowell from adviser investments. we have steve liesman, rick santelli. it's a cast of thousands here. steve, i'm going to start with you. give us the hits and runs of janet yellen's test
. to the extent we could impose energy sanctions on russia, understandable and effect because they rely so much but i would go one more step and say by 2020 we are expected to be the world's leading producer of energy and there's talk about exporting natural gas, we need to make it clear we need to start planning for the long game and we will have natural gas with allies that reliance on russian gas to be accountable. stuart: it is all about energy, isn't it? a lot of europe is supplied with natural gas, a lot of that comes through ukraine and from russia. therefore, there is a limit to a and forbid its natural gas to get into europe. the europeans will never look at that. stuart: we have to take into account the effect this will have on their economy, doing things that will affect their allies may not be beneficial but if the president came out today, he won't but if he came out today and said we are an energy powerhouse we are committing that in ten years we have great contract with our allies that would scare the russians. vladimir putin does things with long hall and he knows is only play i
in a regular car stores electricity at a lower energy density. they are later. -- later. -- lioghter. >> they cost a lot more. you can pick up the battery in your car for 100 and the dollars -- $150. the lithium-ion batteries in a tesla cost about $40,000. plan going to be built with a combination of public and private money? >> we do not know yet. there will certainly be some tax incentives involved. said that elon musk he would announce the state of the earnings call. he has not denounced yet. he is playing hardball. >> why do you think nevada is the place that will get it? at -- ou look >> they build the car in california. >> geographically, they are the winners. there are rail lines. >> the lithium is there. but there is a lithium mine in northern nevada. there are reserves in wyoming. that is good. lithium is a big cost. >> think about how exciting this is. maybe i have drunk the elon musk lay. -- kool-aid, it is going to be a huge factory. they will have the capacity to build more battery power than all the other lithium-ion factories in the world combined. >> how many automobi
different ways. obviously rising gas prices along with energy prices on the rise in general. already trading near the highs of the year, partly on concerns about supply disruptions with russia and ukraine. higher grain prices as well or even food prices. ukraine, remember, is a major exporter of wheat and corn. if you pair that with some of the weather issues we have been having, you could see higher sticker prices for your food. then there are american companies with direct exposure to ukraine, like accounting firm pwc. we reached out to them. they came back to us. they actually had to close offices in two different locations. they said although they were briefly closed all of pwc's offices in the ukraine are now open. there are other american companies that we found with business in ukraine. cargill, abbott labs, both no comment. adm, no significant business impact but it's monitoring. baker mckenzie, the first international law firm to open its doors in ukraine in the early '90s, they told me they are keeping an eye on this situation under constant review and employees there are allowed t
. some productivity you don't need as much investment in energy and a. liz: the chart looks negative, the stock fell off a cliff. you sound positive. is there an opportunity? >> it is an opportunity. proof of concept will come in queue 4. even though they had lower numbers due to a promotable holiday but as you look at everyone who has worked in retail over the last couple weeks i don't think anyone had a good holiday and is not something specific to them. there are pluses and minuses to their business. this stock goes higher from here but ultimately you needed. q 4 to have a big move. liz: we appreciate it. back to work. thanks a lot. carl icahn furrowing another plunge in his public battle with ebay. the billionaire investor firing off his third letter to shareholders, he is behind the typewriter sending his letters out, riling everyone up. the ecommerce diet isn't backing down, the founder and chairman himself responded so who's going to win this fight? title wealth management and the freeman, carl icahn is on fire. is he right or a giant pain in the ass? >> the bins we are sittin
will join us to talk about the future of energy when we return in just a moment. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. >>> welcome back to "squawk box," everybody. i'm becky quick. we have your morning headlines today. mt. gox filed for bankruptcy protection. that announcement came at a tokyo news conference at which mt. gox ceo apologized for the bitcoin exchange's problems. he said mt. gox may have lost nearly $500 million because of bitcoins because of a hacking into their system. wow. >> you pulled a sorkin. >> i know. i saw you catch me. >> is that what it's going to be called, a sorkin. >> skip the name. >> skip the name. say ceo. what difference does it ma
at the future the way we are. here,, conditions primarily because of this tremendous energy revolution that we have had over the last few years have changed the equation in the u.s. >> but i am saying it is behavior and emotion. scarlet and her husband want to get the marginal 5000 square feet. >> 10,000! now, americansht are not as optimistic as they are traditionally. thatat is where i say people are fearful. they should not be fearful because all of the trends are working in the right direction. >> with that said, what are you seeing, jed? >> when we ask people is homeownership part of the american dream, that is climbing back up. the vast majority of young people are renting and want to buy someday. the danger is that that optimism translates into unreasonable expectations about what will happen to home prices. if people start buying homes because they think prices will keep rising at 11% a year, that is a bad thing, that is a bubble. but we are not to that point yet. >> is homeownership part of the american dream in places like san francisco where you are based? we see the income inequali
it do for the future of elon musk's electric car? >> i am by some energy independence. we ought to be using more natural gas. we ought to be using more cng. >> in cars? >> yes. it is very doable. it gets us more efficiency. we become more energy independent. >> if you're in the market for less fuel-efficient way of getting around, just call the army. it is giving away their team thousand armored vehicles left over from iraq and afghanistan. there are mine resistant ambush protected truck built specifically for the challenges of warfare. take a look at who is getting their hands on some very high-powered military surplus. one place that definitely doesn't need any more trucks, beijing. in an effort to manage traffic congestion, the city is limiting the number of new license oness, allowing expiring to bid on them. 1400 request so far for electric cars. this is according to municipal website. either way, that is in a city of 21 million people. beijing even bigger problems. it is probably air pollution. the city has been plagued by thick smog which has reached hazardous levels just
features, a lot of people in portland are looking for. such as energy-producing solar panels, tankless water heaters and energy efficient fixtures. >> beautiful. love it. >> great house. >> sure it is. to our power house of the week, which i fell in love with. 14606 northwest 52nd court. actually located in vancouver, washington, and we'll tell you why that's important. the sales price is $1.4 million. it has four bedrooms, seven bathrooms, a pool house. 5,300 square feet and under $12,000 in taxes. i'll getting on a plane. i love this house. tell me about it. >> i'll write it up for you, sue. >> you got it. >> a really great property. what a lot of people don't realize, vancouver, washington, and portland are very close together. we have a lot of season buyers entering retirement account stage, and since portland's income tax is about 12% people move to washington with no state taxes. you get a lot for your money in vancouver. looking at this house, a great retreat t. is a great retreat. i love that outdoor fireplace. and, you know, just a beautiful part of the world. let us know if t
northern santa fe, and acquisition he did back in 2010. unit. from an energy it is coming from all of these acquisitions. the issue ofraise succession even more? >> succession is a huge issue for berkshire. if you listen to what buffett said about that in the past, he would say that these operating berkshire hashow a future that is going to go on much longer than him. he is not involved in the day-to-day operations. >> right. i wonder what the correlation is between their profits and gdp. is there one? analysts,speak with as the u.s. goes, so does berkshire. think about something like burlington northern santa fe, a big, big railroad. if people are buying more stuff, companies are moving more stuff, burlington northern tends to do better. --what are you expecting what do people want to know? is always on the table. last year, he did not give us that much on that front. apart from that, it is going to be everything from the economy to his thoughts about the investing environment right now. are these sectors the ones that are responsible for the profits? >> a big chunk of it. another
be bringing higher. a lot of them have to do with alternative energy. >> no shocker. first of all, if you are looking at etf's, the plain-vanilla ones don't have any exposure to elon musk companies. you have to go to the niche area. one example is the market vectors global alternative energy. it has 18% exposure to elon musk companies, 14% in tesla, 4% in solarcity. it is up 12% year-to-date. of the 12%, elon musk is personally responsible for a .5%. it is rare to see one person have such an effect on an etf holding 40 stocks. another example is the first trust green energy etf. this one is focused on u.s. companies. elon musk companies are about 18%. very heavy with elon musk companies. this one is up 16%. the third one is the global-x etf. >> i can imagine that is heavily traded. lithium goes into batteries, right? >> this announcement of the world's largest battery factory, this popped on that. volumes up over 100,000 shares. it is growing. a very niche etf, only tracking 20 companies. the top 10 account for 80% of the portfolio. due to this announcement, and smart phones and iphones u
after this break. i always say be the man with the plan but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headach
that the limited resource is cash. it is not. the limited resources always the time and energy of the management team and their focus. when i come into a situation, it is always about what we are focusing on and what can we move to the side, because you have limited time and energy for the management team to actually drive change and drive improvement. it gives them that opportunity, in a calmer environment. >> cash is a factor in that. you can always get cash. you can leverage something, ight? if there is a cogent strategy -- >> you are able to get cash. >> it is costly. but you can do it. >> the mob might lend you money. >> but when you are meandering around a bunch of strategies and a lost customer base, it is very difficult. >> if you are doing restructuring with jcpenney or another company, is there a point beyond which you just say, ok, it is not worth salvaging here, we're just going to shut it all down? where is the tipping point echo -- where is the tipping point? >> you know, jcpenney has artie crusted, but that is a qualitative thing you have to go through. thed to consider what is in
orchestrated this closer ties to the west.. they're scared to death that russia -- they get all their energy from russia. they're worried. so here at home, president obama is going to unveil his -- what a concept, a budget. the 2015 budget plan today. >> we've got one every year. and among its divisions an expansion of the earned income tax credit designed to help lower income americans. the budget is having little chance of passage in the republican-controlled house. and in house budget committee ranking member chris van holen is going to tell us about that when he joins us later this hour to discuss the budget proposal at about 7:40 eastern time. and the controversy over bitcoin, a prime topic in japan, the country's finance minister says the country is still investigating the collapse of mt. gox, which was based in tokyo. it's still uncertain whether illegal activity was involved. >>> and new york state's chief banking regulator ben imam lochti, says that that collapse ultimately could be a positive for digital currencies -- we've got to get these bad actors out of here. it's growing pain
it point-blank. decarbonizing our energy supplies is a must. >> if we don't have sustainable energy we're screwed. >> reporter: just yesterday, stock in tesla motors hit an all-time high when the company announced plans to build a so- called gigafactory to make its own lithium ion batteries. tesla wants to be making those batteries by the year 2020 when it could be producing half a million cars. a far cry from 2008, when the car company almost went bankrupt. >> at tesla we had multiple near death experiences. again, what are the odds of a car company succeeding? pretty darn low. >> and launch of the spacex -- >> reporter: even riskier, a rocket ship company. >> beginning of spacex i really just reserved money for three failures. so we haven't had three failures. then we just barely had enough to scrape together to do a fourth flight and that succeeded. it was a real close call. >> reporter: it did work. now, if tesla motors does come through with its giga factory, the company says it will produce more lithium ion batteries in 2020 than were made in the world all last year. >> wow. >> y
utility industry by building battery packs for energy storage. the stock rose about 14% today to $248. look at this chart over the past 14 months the stock is up 650%. >>> and even more good news for tesla. "consumer reports" says tesla's model s sedan was the best overall car, bar none. it scored a 99 out of 100 by the magazine's reviewers. the best auto brands, lexus was number one again follow by accura then out audi. toyota and subaru were tide for fourth place. jeep at the bottom of the list. >>> how investment capital is hoping to shake up the insurance industry. that's next. >>> more big job cuts coming to the nation's biggest bank, jp morgan chase now plans to eliminate 8,000 workers as businesses at its mortgage and retail banking divisions continues to shrink. that number is double the number of cuts that had been announced, and it comes on top of more than 16,000 layoffs that took place just last year. >>> finally tonight, venture capital getting into health insurance. in the second part of our series, insurance upstarts. bertha coombs takes a look at the story. >> reporter
. this will accelerate the development of the fellow -- of alternative sources of energy. you will see fracking going on on steroids. we have to reduce the power of the russians that are behaving this way. the power comes to guns and gas. if we can reduce the dependence on their oil and gas, they will have less power and president cutin will not be that popular and the russian people might think there is a better way to go. you to knowthem rip that? >> i think he knows that and i think he is flexing his muscles to show that he still really powerful, in the military sense at least. basically, that system, depending upon guns and gas cannot survive in the long-term. they have got to reform their system so it is not state-owned, it is not a bunch of oligarchs and a bunch of corruption that infiltrates the entire economy. that is what is happening in the ukraine and not what happened in russia -- and that is what has happened in russia as well. >> thank you for joining me, the former senator, congressman, secretary of defense, william cohen. coverage continues from washington. this is "taking stock" on b
the it is havingation, an impact on wti. energy futures are on track to post gains for the month due in part to the weather and huge spike in heating oil and natural gas. toc crude production dropped the lowest level in more than two years in february. look at today's prices as we head to the close -- lower across the board with gasoline futures falling on speculation that above average supplies will keep prices in check. natural gas futures rebounded from a five-week low. one-week dropis a of almost 26%. that's the biggest one-week truck we've seen in roughly a decade. those comments are impacting gold today. >> part of what we are looking at is the fact that the ukraine situation and yellen's comment pricesortiva of higher that create a demand for a safe haven. we are seeing a big debate on where the price will be. will be ainks we little higher. you have to consider the fact that gold has posted two straight months of gains will stop you are looking at unchanged as we had to the close right now. >> thank you. turning our focus to investments in emerging markets with the focus on the fed c
talking about this. they'll be having so much energy production and the possibility for electric energy storage possibilities in terms of either mobility, taking that and putting it somewhere or taking some of the energy that they're developing and then sending that to the grid. i mean, a lot of possibilities there, andrew. >> okay. phil, thanks for that. tesla story, every week there's a new tesla story, apple. fascinating. fascinating. >> 0 to 60 in how many seconds on that thing? it is incredible, right? >> yes. >> how fast? >> joe, when you buy -- i don't know the exact number. 0 to 60 is well under 3.5 seconds. that's because you get the instant torque, joe. >> i drove the smaller one. you couldn't fit into it. >> what are you talking about? >> the really small one. that little two seater. >> the model s. >> the two seater. >> you're 6'6". >> joe, you're mixing up. the model s, if you're a tall person you can fit into the model s. >> what's the sedan we see all the time? >> that's the model s. >> the roadster which is not around anymore. they don't build the roadster anymore. >> no
and shopping. there's a reason for the mall but there's energy and new energy that has to be brought to the mall. >> it's like serving against agassi, every ball just comes right back. unbelievage, steve. >> thank you. >>> steve sadove, the man who brought a full floor of separate zip code shoe department in new york. >>> and let's get another check on the markets and traders absolutely glued to the news out of ukraine. the tensions eased, the dow up almost 200 points and the s&p 500 rebounding more than 1% and the nasdaq up 1.7%. we'll be right back on "squawk on the street." ...return on investment wall isn't a street... isn't the only return i'm looking forward to... for some, every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equal. tdd#: 1-888-648-602121 tjust waiting to be found. ties tdd#: 1-888-648-6021 at schwab, we're here to help tdd#: 1-888-648-6021 bring what inspires
energy because you ask asked. charles: it is a canadian company. and oil sands play. they don't like to use the word "tar." we had so we ask about this. it is really fascinating. the last time they reported up huge, setting a record, $8 billion, take the dividend by 15% and they are doing extremely well right now. stuart: what do they do? charles: they have traditional exploration around the world but their big thing now is the oil sands. stuart: for new deposits? >> they got it, they are drilling and getting more and more of this out. stuart: if they build a pipeline, that stock goes up or down. charles: absolutely. they think the keystone pipeline xl will be built. i thought that was interesting. somebody else's stock. stuart: now a charles pick hitting a new low. that thing is taking it on the chin. do you want to explain? charles: we took a loss this morning. stuart: a total failure. aren't you? we love you, charles. let's and on a high note. redeem yourself, up 48% since i had it on this show. they make convection ovens. stuart: you are kidding me. charles: their business is the
. >> it is clear to us to move to sustainable energy. and the sooner we do that, the better the world is. >> reporter: he also found time to talk about movies. >> you know what's great is the lego movie. i really liked the lago moyin l. >> i know what the headline tomorrow's going to be. >> reporter: movies aside, he will have to work with regulators not only to build and sell more tesla cars but to put a proposed $5 billion battery factory online as well. scott budman, nbc bay area news. >> revolutionizing a lot of what we do. >>> still to come, has the recent rain and snow made a difference? what a recent survey reveals about our water supply. >>> the governor speaks out about gun control in a bay area city be the fourth most dangerous city in america. we look at whether a local gun tracing program would reduce the violence. >>> wow, we're just hours away from more wind, more rain. this is what the radar looks like now. the send storm is making its way into the bay area. you'll see that coming up. >>> despite the rain, we're still in a serious drought. jeff ranieri has the results of t
was questioned and then to do romantic and sci-fi and loaded energy. i like going from thing to thing and looking at it slightly differently. lex do you get to pick out the non-original music used? i loved the country music that clooney had on his radio the entire time. >> certainly that song, that was there from the script that all funds oh had found. we tried a few things during the process but it seems a perfect for the character. songswere huge amount of where the late 1980's and 1990's. they were written in the script and they had a meaning to the story. so it varies. a lot of the things are done very early and my job is to go around them and make it as seamless as possible. >> have you ever been in the situation you just did not like the film personally? how involved in the store and you have to be to get the best it is a go with it? >> weird thing in that you can always find something at you like about them. you find something to love in anything. only a few years back you might look back and say oh. you are trying to make it the best it can possibly be. >> what is next? after winning an
and texas luciano elon musk says the plans to use renewable energy includes wind, solar farms that was in his plan announced yesterday. tesla says the factory will be at full capacity by 2020 and in its full year they reduce battery costs by 30% and produce 500,000 vehicles every year. gm sold 2.7 million new vehicles in 2013. adam: i was that all things z, which you haven't seen pictures of. and a new battery factory will be built, $1.6 billionnin financing. and the stock price and all time high. and the price target is $65. >> if you go to morgan stanley, $320. not everyone is convinced tesla can disrupt the batteries and do everything they are promising to do. it is pretty tremendous an increase even if we are talking about 2020 down the road. some are remaining very conservative. morgan stanley $320. adam: thank you very much. cheryl: high tech doesn't typically mean high fashion until now. the wearable gadget that actually looks like jewelery finally. adam: blackstone and steel for verisign gee, the potential ceo sees his exclusive interview with maria. cheryl: the severi
energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor about a
insurance. but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. as
but maybe it will tell us about being able to store energy in solar cells completely revolutionizing this industry. stuart: if you get a battery that holds a lot of power and runs a couple hundred miles on your car you just won the electric car world. if you say anything like that you won get all. that is why the stock is above 254260. 254, we will take that. su lily, the amazon for moms. it is rallying for the third day in a row. -pcome on, tell me why. nicole: this is a stock that people probably weren't falling so closely until this week. this stock today was up 12% which is double the sale, $22 idea. this is ecommerce. you go to the internet for moms and kids and they have apparel and home goods, double their sales, stock is 12%, is that 70%. stuart: we call it amazon for moms. charles: momentum is growing. stuart: dow jones industrial average up 25 points. janet yellen is telling the senate banking committee economic conditions have changed since the last appearance before the house a couple weeks ago. economy could be weaker because of the weather. doesn't know how much weaker
the caffeinated energy drinks. >> have you had that stuff? >> well, you are in pluto in a nano second. >> and you are banned from having one. >> he had one in the commercial. >> if i one have now, i won't fall asleep up till sunday night. that stuff is good. drink it. >> oh, no. >> and you did spelunk, and joseph a. bank and abrams. >> well, it is interesting in light of the not large deal, but with we see so few hostiles out there at this point, it is intere interesting to follow the back and forth on joseph a. bank. i don't know if we have the graphics ready that we like to put together. all right. anybody want to say anything in my ear and let me know whether that is the case. >> what happened to the great eddie bauer idea? >> well, it is out there, and in fact, joseph a. bank, and do it here if they decide to engage or reject 63.50 from men's warehouse, and to engage, and then they put out a press release this morning, great, we are ready to engage. and a number of people are more positive on the prospects that you will get a potential deal here, and having spoken to any number of riskarbs an
controlled energy giant. they have already committed some aid to ukraine. >> i think that is still to be discussed. later today at 5:00 p.m. paris time, john kerry will meet with secretary lavrov of russia, so they will have a chance to talk about that then. at 3:30, there will also be a meeting on the sidelines to talk about ukraine. russia has been offering money to ukraine, supposedly the metallic them with the gas debt -- supposedly, to help them with the gas debt. much,ira, thank you so traveling with a secretary in paris, france. let's get to company news. >> we start with standard chartered bank. posting a profit for the first time in a decade. business in south korea we can. .hey broken its korean business because the bulk of its profit from the asia-pacific region. a drop in the ruble slowing adidas down. forecasting full-year profit as much as 17% below analysts estimates. they blamed weakness in the ruble and argentineover the shortfall. apple it's a new cfo. your oppenheimer retiring from the post at the end of september. oppenheimer has been with the company for 18 yea
to see that kind of activity even though it would make us much, much more energy independent right now. >> absolutely. it's a great question. fracking has been going on in the united states oil fields since the 1940s. we fracked over 1 million wells. what's new is horizontal fracking. we're drilling the wells horizontally, using higher pressures. it's a well-established practice. there's no evidence that fracking itself causes problems, and i think it's a little bit of a misdirection in a way. what really causes problems in these wells is poor well construction, and by that we mean it's a bad cementing job so there are gaps between the well and the cement. that can cause gas or hydrocarbons to escape to the surface. there are poor water management techniques so there may be improper disposal. there are chemical spills at the surface. so there are plenty of things for the industry to be concerned about and to keep an eye on, but, frankly, fracking just isn't one of them. >> at the same time, charles, how efficient is fracking generally speaking because we have these big oil fields that
Search Results 0 to 36 of about 37 (some duplicates have been removed)

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